Perry Ellis Sees Flat Q3; Swim Disappoints
Perry Ellis International, Inc. reported total revenue for the third quarter ended October 31, 2004 of $160.7 million, compared to $159.5 million reported for the same period last year. Net income for the third quarter was $7.2 million, or 72 cents per f
Sport Supply Group Sees Upside in New Strategy…
Sport Supply Group is starting to see some results in its turnaround efforts after divesting itself of its team dealer operations a year ago and selling the ATEC business to Wilson Team Sports in February of this year. The move to become more of a servic
REI Expands DC; Also Looks at Possible Eastern Location…
REI is beginning construction on a 144,000 square foot expansion to their distribution facility in Sumner, WA, near the co-op’s Seattle area-based corporate headquarters. All of REI’s distribution, including internet purchases and in-store pick-ups are h
Nike Boosts Quarterly Dividend by 25%
The Board of Directors of NIKE, Inc. has declared a quarterly cash dividend of 25 cents per share on the Company's outstanding Class A and Class B Common Stock. The 25 cents dividend, which is payable January 3, 2005 to shareholders of record at the
Famous Footwear Again the Shining Star at Brown Shoe Company in Q3…
Brown Shoe Company saw continued challenges in certain parts of their Wholesale business and weakness at Naturalizer Retail offset nice operating profit gains at Famous Footwear in the fiscal third quarter ended October 30. BWS beat EPS estimates by a pe
Wolverine Sues to Protect Moc Patents…
Wolverine World Wide has filed a patent infringement lawsuit against Harbor Footwear and Kohl’s for allegedly violating Merrell design patents on three separate models – The Jungle Moc, Jungle Slide and Winter Moc. Harbor Footwear and Kohl's are sell
OGIO Doubles Golf Bag Sales in October; Adds Sales Managers
With October books closing this week, OGIO’s golf division is celebrating phenomenal numbers. The company doubled golf bag sales over October 2003, while demand and distribution at the off-course and green-grass level continues to surge ahead for the bran
Everlast Sees Red in Q3 on Sales Drop…
Everlast shares to a major hit last week, falling nearly 19% for the week to close at $3.00 on Friday after Q3 revenues dropped 10.1% to $15.8 million compared to $17.7 million last year. As a percentage of sales, third quarter licensing revenues increase
Wallenfels Starts a New Era at Mountain Hardwear…
Mike Wallenfels, VP of sales and marketing at Mountain Hardwear for the past ten years, has been promoted to president, succeeding Jack Gilbert, co-founder of the company. Wallenfels will begin in his new role on the first of the year, while Gilbert will
Schutt Sports Adds NCAA Championship Coaches to Roster
Schutt Sports has signed the 2004 NCAA Men’s and Women’s National Champion coaches, Jim Calhoun and Geno Auriemma, as their national endorsers. Under the terms of the deal, both coaches will be featured in Schutt’s basketball advertising, catalog, and pr
Shoe Carnival Takes a Q3 Roller Coaster Ride; Athletic Drives Sales Growth…
Shoe Carnival management said they were on a bit of a roller coaster ride in the third quarter ended October 30 as they saw late back-to-school traffic boost comps later in September this year, but fall off again as the customer “went to sleep” later in t
David and Goliath… or was that BikeE and Giant…
BikeE and Giant are tangled in a legal dispute over manufacturing contracts, recalls and trade secrets. BikeE was the manufacturer of a semi-recumbent bike and saw some success in the market. According to court documents, BikeE’s sales grew from $523,000
Independent Sales Reps — Feetures! Socks
Flagship Brands is seeking sales reps for its Feetures! brand of performance socks in Colorado, New Mexico, Montana, Wyoming, and Kansas and Missouri. Feetures! is a two year old brand of performance socks distributed in the sports and footwear spe
Sport-Haley Looks to Go Private; Fiscal Q1 Loss Widens Despite Sales Gain…
Shares of Sport-Haley, Inc. jumped nearly 21% for the week to close at $4.83 on Friday after the company’s Board of Directors authorized chairman Ron Norick to start negotiations with potential investment banking partners to explore the potential strategi
GI Joe’s Sell Equity Stake to Finance Growth…
G.I. Joe’s Sports & Auto Stores has received $11.5 million in equity financing through a deal inked last week with Nogales Investors, a Los Angeles-based private equity firm. The bulk of the financing will be used to finance expansion in the Northwest, w
